THOMAS H. HICKS, ESQUIRE, GOVERNOR.

319

shall pass all such by-laws, and shall make all
rules and regulations, and the same from time to
time to alter or annul, as shall be necessary to
the full exercise of the power hereby granted and
mentioned, not being contrary to or inconsistent
with this act, the Constitution and laws of the
State or of the United States.

SEC. 20. And be it enacted, That as soon as
practicable, after this enactment shall have be-
come a law, the charter members herein named,
.shall hold a meeting and appoint a commissioner,
who shall open books for subscription to the capi-
tal stock of this Company, in some public place
in the city of Baltimore, he shall keep the same
open for thirty consecutive business days, and shall
deposit the money received by him daily, he shall
deliver the said books and money paid on the
subscription to the board of directors, as soon as
they shall be appointed and prepared to receive

Books to be
opened.

the same; Provided, that the neglect or refusal
of the commissioners to open books, shall not in-
validate this charter; And provided further, that
the charter members may at any time cause books
to be opened for subscription to the capital stock.

Proviso.

SEC. 21. And be it enacted, That the president
and directors, may call a general meeting of the
stockholders, for any purpose relative to the af-
fairs of the Association, giving at least fifteen
days notice thereof in the daily newspapers of the
city of Baltimore, and any number of stockhold-
ers not less than thirty, holding together not less
than three hundred shares of the Association, may
at any time apply to the president and directors,
to call a general meeting of the stockholders, for
any purpose relative to the affairs of the Associa-
tion, and if the president and directors refuse to
call such meeting, the number of stockholders,
proprietors of the said number of shares, shall
have power to call a general meeting of the stock-
holders, giving at least fifteen days notice, in the
said newspapers printed in the city of Baltimore,
specifying in such notice the object of such
meeting.

May call meet-
ings.

SEC. 22. And be it enacted, That should it so
happen from any cause whatever, that the annual
election of directors, should not take place in any
year on the day hereinbefore mentioned, for that

Failure to
elect at proper
time not to dis-
solve company.